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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 88,897 $ 111,591
Adjustments to reconcile net income to net cash provided by operating activities:    
Exploratory well costs and lease expirations 2,560 4,143
Depletion, depreciation, amortization and accretion 74,900 65,055
Impairment of oil and natural gas properties 11,317 9,760
Other impairments 28,850 0
(Gain) loss on derivatives, net 1,665 (6,193)
Settlements on derivative contracts 1,849 (17,221)
Amortization of deferred financing costs and discount 5,299 4,161
Share-based compensation expense 8,138 6,978
Deferred income tax expense 3,202 27,589
Loss from equity method investment 721 218
Other 0 (25)
Changes in operating assets and liabilities    
Accounts receivable (9,285) (9,575)
Prepaid expenses and other current assets (53) (717)
Inventory 1,512 (546)
Other non-current assets (994) (1,179)
Accounts payable and accrued liabilities 9,877 3,200
Revenue payable 4,000 11,470
Other current liabilities 13,819 (1,514)
Net Cash Provided by Operating Activities 246,274 207,195
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (98,490) (134,796)
Additions to midstream property and equipment (10,964) 0
Additions to other property and equipment (875) (1,065)
Acquisitions of oil and natural gas properties (19,597) (5,443)
Net assets acquired in business combination 0 (324,686)
Contributions to equity method investment (17,912) (3,566)
Net Cash Used in Investing Activities (147,838) (469,556)
Cash Flows from Financing Activities:    
Deferred financing costs (2,783) (7,406)
Proceeds from Credit Facility 15,000 185,000
Repayments under Credit Facility (85,000) (56,000)
Proceeds from Senior Notes, net of issuance costs 0 188,000
Repayments of Senior Notes (20,000) (15,000)
Payment of common share dividends (30,831) (27,706)
Proceeds from issuance of common shares, net 25,415 2
Common stock repurchased for tax withholding (2,432) (2,511)
Net Cash Provided by (Used in) Financing Activities (100,631) 264,379
Net Increase (Decrease) in Cash and Cash Equivalents (2,195) 2,018
Cash, Beginning of Year 15,319 13,301
Cash, End of Year 13,124 15,319
Cash Paid For:    
Interest, net of capitalized interest 31,582 27,140
Income taxes, net of refunds 18,084 9,949
Non-cash Investing and Financing Activities:    
Changes in capital expenditures in accounts payable and accrued liabilities 1,058 (5,850)
Right-of-use assets obtained in exchange for operating lease liability 632 1,277
Assets contributed to equity method investment 0 2,272
Asset retirement obligations assumed in acquisitions 9,727 19,359
Revision of estimated obligations $ 1,856 $ 0